Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.3 - Assess Your Understanding - Applying the Concepts - Page 724: 29g

Answer

$ŷ =24.1+0.0718x_1+54.9x_3$ The coefficient for $x_1$: if the square footage increases by 1 and the number of baths remains constant, then the asking price will increase by 71.80 dollars, on average. The coefficient for $x_2$: if the number of baths increases by 1 and the square footage remains constant, then the asking price will increase by 54,900 dollars, on average.

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